Asked how certain it could be about its figures given Shell's surprise announcement last week that its proven reserves were 20% lower than it had believed, UKOOA said it was very confident. It said the work had been drawn up by the University of Aberdeen with help from energy consultants Wood Mackenzie and the government.
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Industry Says Shell is the Problem
Industry trade body defends its position on reserve numbers...
An industry trade body has distanced itself from Shell - one of its members -and the row over reserve figures saying it was a "Shell-specific problem".
The UK Offshore Operators Association defended its industry-wide set of reserve, capital expenditure and investment numbers, which it insisted were "very robust".
Asked how certain it could be about its figures given Shell's surprise announcement last week that its proven reserves were 20% lower than it had believed, UKOOA said it was very confident. It said the work had been drawn up by the University of Aberdeen with help from energy consultants Wood Mackenzie and the government.
"This is a Shell-specific problem ... it's about Shell Nigeria and Australia ... I don't think there is a problem [with our figures] ... Our numbers are robust," said UKOOA economist Mike Tholen.
Asked how certain it could be about its figures given Shell's surprise announcement last week that its proven reserves were 20% lower than it had believed, UKOOA said it was very confident. It said the work had been drawn up by the University of Aberdeen with help from energy consultants Wood Mackenzie and the government.
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